S&P awards Groton with rating upgrade

Full story: Lowell Sun

Town officials are thrilled to hear that Standard & Poor's recently upgraded the municipality's bond rating, setting the stage for lower interest rates should the need for a new bond arise.
Comments
1 - 2 of 2 Comments Last updated Nov 2, 2011
Groton Townie

Dracut, MA

#1 Nov 2, 2010
I am pleased that the current Management team here in Groton is doing an excellent job. As a Grotin resident for over 50 years this is great to hear.....Keep up the fantastic work guys!

Since: Nov 11

Salem, MA

#2 Nov 2, 2011
I wonder if we will be downgraded after the 175% ROI fiasco that Josh Degan has led our Groton residents to believe. This pertains to the Spring town meeting regarding 3 affordable housing units in the private development of 134 Main St (next to the Groton Inn). He told us that within 2 years of investing $420,000 we will get a 175% ROI. Bernie Madoff will be proud.

I heard there is a bridge that he is selling as well. Any takers?

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